Investors bought shares of Apple Inc. (NASDAQ:AAPL) on weakness during trading on Tuesday. $1,551.25 million flowed into the stock on the tick-up and $1,360.28 million flowed out of the stock on the tick-down, for a money net flow of $190.97 million into the stock. Of all equities tracked, Apple had the 4th highest net in-flow for the day. Apple traded down ($0.58) for the day and closed at $178.39
AAPL has been the topic of a number of research reports. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $184.49 price objective on the stock. in a report on Tuesday. BidaskClub lowered Apple from a “hold” rating to a “sell” rating in a report on Friday, January 26th. BMO Capital Markets lowered Apple from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $162.00 to $166.00 in a report on Wednesday, January 31st. William Blair restated an “outperform” rating on shares of Apple in a report on Friday, February 2nd. Finally, Bank of America restated an “outperform” rating and issued a $220.00 price objective on shares of Apple in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $201.58.
The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. The firm has a market capitalization of $905,150.00, a PE ratio of 17.45, a PEG ratio of 1.32 and a beta of 1.33.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is 24.66%.
In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the completion of the sale, the insider now directly owns 17,341 shares of the company’s stock, valued at approximately $2,942,594.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The disclosure for this sale can be found here. Insiders have sold a total of 96,643 shares of company stock valued at $16,603,803 over the last three months. Corporate insiders own 0.06% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Janus Henderson Group PLC grew its position in Apple by 301.3% in the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after acquiring an additional 15,018,790 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Apple by 50.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 13,228,306 shares of the iPhone maker’s stock valued at $2,238,624,000 after acquiring an additional 4,448,509 shares in the last quarter. Truepoint Inc. grew its position in Apple by 15,559.4% in the 3rd quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock valued at $4,437,000 after acquiring an additional 4,408,441 shares in the last quarter. Capital Research Global Investors grew its position in Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after acquiring an additional 3,845,363 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Apple by 9,166.4% in the 3rd quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock valued at $598,497,000 after acquiring an additional 3,841,842 shares in the last quarter. 59.70% of the stock is owned by hedge funds and other institutional investors.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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